American electric vehicle major Tesla has reported record revenue and free cash flow for the Q3 CY2025, supported by high vehicle deliveries and energy storage deployments.

The electric vehicle maker posted total revenue of USD 28.1 billion, a 12 percent increase YoY. Free cash flow reached nearly USD 4 billion, which the company states is its highest.

Total vehicle deliveries reached 497,099 in the quarter, a 7 percent YoY growth. Deliveries of the Model 3 and Model Y rose by 9 percent to 481,166 units. Energy storage deployments were a record 12.5 gigawatt hours (GWh), up 81 percent YoY.

Gross Margin stood at 18 percent, a drop of 185 basis points from the previous year. Gross profit was USD 5.1 billion, up 1 percent.

Operating income fell 40 percent YoY to USD 1.6 billion, resulting in a 5.8 percent operating margin. This decline was due to increased operating expenses, which rose 50 percent YoY to USD 3.4 billion, alongside higher average vehicle costs and a shift in sales mix. Lower regulatory credit revenue also impacted profitability.

Net income attributable to common stockholders reached USD 1.4 billion, a 37 percent drop. Cash, cash equivalents and investments increased by USD 4.9 billion to USD 41.6 billion.

During the quarter, Tesla expanded its vehicle range, launching the Model 3 and Model Y Standard variants. The company also launched the Model Y Performance and the Model YL in China, a longer six-seat version.

In the energy sector, Tesla unveiled Megapack 3 and Megablock, its next-generation industrial storage products. Production for Megapack 3 is scheduled to begin at Megafactory Houston in 2026. The company also launched a new lease offer in the US for solar and Powerwall systems.

Tesla launched its ride-hailing service in the Bay Area using Robotaxi technology and began deploying version 14 of FSD (Supervised) in October. The Supercharger network expanded by over 3,500 stalls in the quarter, an 18 percent YoY growth and it launched its first v4 Supercharger cabinets.

“While we face near-term uncertainty from shifting trade, tariff and fiscal policy, we are focused on long-term growth and value creation. We are prudently making the necessary investments in our business, including future business lines, that we believe will drive incredible value for Tesla and the world across transport, energy and robotics,” the company said in a statement.

Tesla indicated that Cybercab, Tesla Semi and Megapack 3 remain on schedule for volume production starting in 2026. Production lines for Optimus, the humanoid robot, are being installed in anticipation of volume production. The lithium refinery in Texas is expected to begin production in Q4 2025.

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JSW MG Motor India has announced that its MG Windsor electric SUV has surpassed 50,000-unit sales in just over a year.

The company stated that the Windsor is the first electric passenger vehicle in India to achieve this sales mark in record time, reinforcing its position in the country's EV segment. This sales rate translates to five units of the MG Windsor being sold every hour.

Demand for the EV has been observed across major metropolitan and non-metro markets, indicating customer readiness to adopt electric mobility solutions.

Anurag Mehrotra, Managing Director, JSW MG Motor India, said, “When we launched the Windsor EV, our mission was simple yet ambitious: to offer a mobility solution that is practical, stylish and value-driven – while accelerating the adoption of electric vehicles in India. The Windsor EV’s rapid success, achieving 50,000 sales in record time marks a landmark moment in India’s EV journey and demonstrates that customers are embracing this transition with enthusiasm. This milestone energises us to deepen our commitment to New Energy Vehicles. Our vision is to deliver exciting experiences every time and we will continue raising this benchmark as we shape the future of mobility in India.”

The MG Windsor, which the company markets as a CUV (Crossover Utility Vehicle), delivers 100 KW (136ps) of power and 200Nm of torque. It features an ‘AeroGlide’ design and an interior with 'Aero Lounge' seats and a large 15.6-inch Grandview Touch Display.

JSW MG Motor India recently launched the MG Windsor Inspire, a limited-edition series, which was unveiled by Nitin Gadkari, Minister of Road Transport and Highways of India.

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Mumbai-based startup ACS Energy has successfully secured INR 11 million in a pre-seed funding round. The investment was spearheaded by Inflection Point Ventures (IPV). This financial boost will enable the company to deploy over 5,000 new UPI-enabled EV charging stations across the key states of Maharashtra and Gujarat, enhancing accessibility for residential and commercial users alike.

ACS Energy (Ayka Control Systems Pvt. Ltd.) is tackling a critical gap in India's electric vehicle ecosystem by focusing on complex urban settings. The company specialises in developing charging solutions for high-rise buildings and large residential townships, an often underserved segment despite increasing regulatory mandates for EV infrastructure in new real estate projects.

Since its establishment in 2022, the startup has been a pioneer, introducing India's first UPI-based payment system for EV charging. This innovation eliminates the need for multiple mobile applications or subscriptions, creating a seamless, digital-first experience for users. Their product line includes universally compatible smart AC chargers for various vehicle types, supported by the proprietary ACS pay platform. The technology leverages artificial intelligence to effectively manage power loads and ensure swift, transparent transactions.

The founding team, Jash Sheth and Mihir Bhanushali, brings a strong blend of technical and engineering expertise to the venture. Sheth's background includes experience in India's nuclear power sector and involvement with other successful startup founding teams. Together, they are driving a vision to make sustainable mobility more practical and less cumbersome through intelligent infrastructure.

Beyond expanding its physical charging network, a portion of the new capital will be dedicated to advancing energy management systems. These systems are designed to bring smarter power distribution and sophisticated load balancing to urban buildings, promoting greater overall energy efficiency. Currently operating in cities such as Mumbai, Pune and Ahmedabad, ACS Energy is rapidly scaling its operations to build a robust network that connects city dwellers and emerging EV hubs.

Mitesh Shah, Co-Founder, IPV, said, “India’s EV revolution is incomplete without a strong support system fuelling its growth. The transition from fuel-based energy to green energy has to be more accessible and seamless. ACS Energy offers more than just a charger – it is a full hardware and software package that makes charging quick, transparent and hassle-free. Their UPI-based system means anyone can pay instantly, which makes EV charging as seamless as buying groceries.”

Jash Sheth, Founder & CEO, ACS Energy, said, “At a petrol pump, you don’t think twice – you just pay and move. EV charging should be just as simple. With India’s first UPI-enabled charging network, we’re bringing that same ease to the EV ecosystem. Alongside, we’re launching our AI-driven Energy Management Systems to help buildings and DISCOMs manage load intelligently. This fundraise will power our mission to simplify charging and optimise energy use across India.”

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Tata.ev, India's largest four-wheeler EV manufacturer, has partnered with charging operator Voltran to inaugurate 14 new high-speed Tata.ev MegaChargers across the states of Andhra Pradesh and Telangana, creating what the company calls the nation's first fully manned public EV charging stations.

The new charging hubs are strategically located on major intercity routes, including the Hyderabad–Bengaluru, Hyderabad–Vijayawada and Vijayawada–Chennai corridors, significantly boosting seamless long-distance electric vehicle travel in South India.

Each MegaCharger station is staffed 24x7 by trained marshals to ensure a 'fuel refuelling experience' for customers, offering reliability and service assurance. Crucially, the stations allow for payment via cash, card, or UPI post-charging, removing the need for an app for the transaction. They also feature air-conditioned lounges, clean washrooms, and multiple food options.

This latest rollout increases the Tata.ev MegaCharger network to over 70 operational sites nationwide, part of the company's 'Open Collaboration 2.0' framework to accelerate charging infrastructure. Tata.ev aims to introduce over 500 MegaChargers by 2027.

Balaje Rajan, Chief Strategy Officer, Tata Passenger Electric Mobility and Tata Motors Passenger Vehicles, said, "As the EV revolution continues its strong momentum, the demand for accessible, widespread, and reliable charging infrastructure has become increasingly critical. In partnership with Voltran, we’re proud to inaugurate 14 Tata.ev MegaChargers across Andhra Pradesh and Telangana — the first of their kind EV charging stations manned 24/7 by trained marshals. These fast-charging hubs connect major cities, enabling seamless EV travel across key locations in these states. With over 70 Tata.ev MegaChargers now nationwide, this milestone reinforces our commitment to fast, reliable, and fuel station-like charging experiences, driving effortless mobility across India.”

Raja Sekhar Upputuri, CEO, Voltran, said, "We are excited to partner with Tata.ev to launch our co-branded Tata.ev x Voltran MegaCharger Stations across all major highways in Andhra Pradesh and Telangana. These hubs are manned 24x7 and customers don't need an app to charge as they can pay with cash, card or UPI post charging. On top of that, all these hubs are equipped with air-conditioned lounges, clean washrooms and multiple food options. Together with Tata.ev, we reimagined the future of EV charging in India - fast, reliable & super convenient. We look forward to building upon this momentum and expanding it to more locations in the days to come.”

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Tesla held its first-ever public pop-up showcase in India at Ambience Mall in Gurugram, attracting thousands of visitors interested in the automaker’s electric vehicles and sustainability credentials.

Ambience Mall, which has become a platform for premium and international consumer brands, was selected for its modern infrastructure, high footfall and affluent customer base, according to the venue. Visitors were given a close look at the Tesla Model Y, marking the company’s initial public display in the city.

The mall authorties said the event reinforces its position as a preferred launch venue for global names entering or expanding in India with a history of hosting world-class brand showcases and firsts.

Hosting Tesla’s first-ever pop-up in India reaffirms our position as the preferred venue for premium international brands,” said Arjun Gehlot, Director of Ambience Malls. “Our space celebrates technology, design and sustainability, reflecting the aspirations of today’s consumers.”

Ambience Mall authorties said the showcase represents another milestone as it focuses on experiences at the intersection of retail, technology and lifestyle, catering to a growing Indian audience seeking innovative mobility solutions.

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